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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Warehouses
95 Kensington Dr Spartanburg, SC 29306-3921
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-0890245
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1964
Construction
BRICK
Total area
11,440 SF
Lot
1.05 ac (45,864 SF)
APN
6-2114-03400
UPID
US77-0890245
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$925k
Owner & transaction history
Lonestar Properties Nc INC · 8 yrs held
Lonestar Properties Nc INC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$955,000
+79.4%
Office building
$910,000
+70.4%
Auto repair, garage
$900,000
+69.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spartanburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spartanburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$955,000
Change: +79% · Conversion: Moderate
OFFICE BUILDING
$910,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +69% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,533
Tax year 2023
Assessed value
$44,838
Assessed 2023
Previous assessed
$44,838
+0.0% YoY
Effective rate
34.64%
On assessed value
Assessed land
$7,914
Assessed improvement
$36,924
Land market value
$131,900
Improvement market value
$615,400
Total market value
$747,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
11,440 SF
Lot
1.05 ac (45,864 SF)
APN
6-2114-03400
UPID
US77-0890245
Jurisdiction
SPARTANBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$955,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$860,000
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Lonestar Properties Nc INC
Entity
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Mhc 100 Kensington Spartanburg Sc L
—
Deed
related
$174,000,000 · Breds V Loan Holdings Ms LLC
Oct 25, 2022
—
Miic Master Trs II LLC
—
Deed
related
$170,000,000 · Bank Of America NA
Nov 20, 2020
—
Mhc 100 LLC
—
Deed
related
$276,895,279 · Jpmorgan Chase Bank NA
Nov 22, 2017
$1,000
Lonestar Properties Nc INC
Bigford Ents INC
Grant Deed
—
Dec 19, 2012
$1,165,000
Bigford Enterprises INC
Cbna Sc LLC
Deed
$1,340,000 · First Bank
Jul 21, 2011
$500,000
Cbna-sc LLC
Kensington Self Service Stor
Grant Deed
—
—
—
Bigford Ents INC
—
Deed Of Trust
related
$1,252,000 · Uwharrie Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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